QUESTIONS AND ANSWERS 2026/2027
*a. Higher Volumes
*b. Future Volumes
*c. Multiple Supply Options
*d. Supplier development and contracts - ANS ✔✔The important factors that can be used in
negotiating with suppliers are? (select correct options)
Reduces - ANS ✔✔Sourcing a part/assembly from multiple sources _________ supplier-related
risk.
Multiple sources - ANS ✔✔According to article 11 which of the mentioned supply sources
represents the best-case middle-ground approach to avoid supply risk?
*a. Source Selection
*b. Supplier relationship management *c. Organizational supply strategy function - ANS ✔✔4.
Article suggests strategies that need to be reviewed:- (select the correct options)
True - ANS ✔✔5. When sourcing from multiple sources, it incurs higher tooling investment.
True - ANS ✔✔Corporations put together strategic plans that align functional area metrics with
strategic goals
Three - ANS ✔✔How many primary sourcing strategies are discussed in the article, "Supply-
Chain Risk Planning: What's the Best Approach?"
, True - ANS ✔✔If a supplier is unable to produce the needed parts when they are needed, no
amount of logistics, warehousing, or material handling will be sufficient.
-Negotiating in a positional manner should only be done with commodity suppliers
-If resourcing from a supplier takes lot of time and money, they should be managed - ANS
✔✔Main rules for managing suppliers: (choose the correct option)
Data Privacy - ANS ✔✔Blockchain is helping create fully decentralized model where consumer is
in control of their own identity and data provides benefit of
True - ANS ✔✔The combination of a trusted, tamper-proof distributed ledger along with
verified credentials will enable people to have trusted, portable digital identities.
Immutable transparency - ANS ✔✔The big disruptive feature of blockchain is the
_____________ that it provides.
Safe data flow, fully transparent, unified data - ANS ✔✔Using a single blockchain network,
companies can overcome discrepancies and create.
True - ANS ✔✔Decentralized finance refers to an ecosystem of financial applications built on top
of blockchain networks.
*a. Overcome discrepancies
*b. Consolidate large amounts of data *c. Create a unified, fully transparent, and safe data flow
- ANS ✔✔Using a single blockchain network, will help manufacturers and shipping companies to
(select the correct options)
Inefficiencies - ANS ✔✔Blockchain removes ___________ associated with hiring and paying
employees